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Consolidated Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Assets    
Cash and due from banks $ 2,538,248 $ 3,310,400
Federal funds sold 914,000 2,672,000
Cash and cash equivalents 3,452,248 5,982,400
Time deposits in other financial institutions 3,316,282 4,545,878
Securities available-for-sale, at fair value 44,141,527 43,129,481
Loans receivable 65,588,876 68,949,715
Allowance for loan losses (531,346) (538,319)
Loans receivable, net 65,057,530 68,411,396
Federal Home Loan Bank (FHLB) stock, at cost 710,000 703,400
Bankers' Bank stock, at cost 147,500 147,500
Office property and equipment, net 3,712,729 3,791,429
Deferred taxes on income 808,523 631,080
Income taxes receivable 1,596 40,320
Accrued interest receivable 418,494 439,855
Goodwill 55,148 55,148
Bank-owned life insurance 3,185,043 3,138,112
Prepaid expenses and other assets 1,007,156 1,205,146
Total assets 126,013,776 132,221,145
Liabilities and Stockholders' Equity    
Deposits 82,184,677 87,740,194
FHLB advances 14,000,000 14,000,000
Advance payments by borrowers for taxes and insurance 559,789 527,774
Accrued interest payable 29,436 13,983
Accrued expenses and other liabilities 1,431,190 1,509,680
Total liabilities 98,205,092 103,791,631
Commitments and contingencies (Note 8)
Stockholders' equity:    
Common stock, $0.01 par value. Authorized 30,000,000 shares; 2,561,542 issued and outstanding at June 30, 2018 and December 31, 2017 25,615 25,615
Additional paid-in capital 14,215,017 14,215,017
Retained earnings, substantially restricted 15,873,134 15,758,825
Accumulated other comprehensive loss (1,072,890) (310,367)
Unearned ESOP Shares (1,232,192) (1,259,576)
Total stockholders' equity 27,808,684 28,429,514
Total liabilities and stockholders' equity $ 126,013,776 $ 132,221,145